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QC Budgets Stay Tight in 2012

Posted January 10, 2012 7:21 AM

With prospects for slow economic growth in the year ahead, most professionals in the quality field may once again be forced to rein in spending for key programs, according to the latest member survey by Quality magazine. Spending for 2012 is expected to be $2.2 billion, down from $2.6 billion in 2011. But there are some signs of optimism, as revealed by the survey results. Nearly 40% of respondents expect increases in their company's projected spending for quality assurance and control equipment, systems, software and services in 2012 versus 2011. See the survey results for more details on budget plans, and let us know how the sluggish economy will affect your own QA/QC efforts in the year ahead.

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